China Inflation Accelerates in August as CPI, PPI Rise 
Gold Prices Rebound as Dollar Weakens, Fed Decision Looms 
Iraq Seeks 6 Million Bpd OPEC+ Oil Quota 
US Stock Futures Mixed as Fed Rate Hike Bets Rise 
Iran Plans New Gulf Restricted Zone as Hormuz Tensions Push Oil Higher 
Hungary Industrial Output Beats Forecasts With 4.7% July Growth 
China to Inject $45 Billion Into State Financial Institutions 
Japanese Yen Nears Seven-Month High as Oil Approaches $100 
Oil Prices Rally as Brent Nears $100 on U.S.-Iran Escalation 
US Bans Canadian Alcohol, Motorcycles as Trade War Escalates 
Brent Oil Tops $100 as Middle East Conflict Threatens Supply 
China Boosts Gold Reserves by 650,000 Ounces as Prices Rally 
Asian Stocks Mixed as AI Chip Rally Meets Oil Surge 
ECB Set for September Rate Hike as Energy Prices Fuel Inflation 
Oil Prices Climb as Iran Threatens Gulf Energy Infrastructure 
US Stock Futures Mixed as Strong Jobs Data Boosts Fed Rate Hike Bets 
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European stock markets traded higher on Wednesday as investors anticipated more corporate earnings. Germany’s DAX climbed 0.7%, while the UK’s FTSE 100 and France’s CAC 40 gained 0.2% each.
Global debt surged by $7 trillion in 2024, hitting a record $318 trillion, according to the Institute of International Finance (IIF). The global debt-to-GDP ratio jumped to 330%, marking the first annual increase since the pandemic. The IIF expects debt growth to slow in early 2025 due to high borrowing costs.
Stellantis (NYSE: STLA) reported a sharp 70% drop in net profit for 2024, plunging to €5.5 billion from €18.6 billion in 2023. The automaker, which owns brands like Jeep, Dodge, and Peugeot (OTC: PUGOY), is implementing cost-cutting measures to improve profitability.
Meanwhile, Deutsche Telekom (OTC: DTEGY) exceeded its 2024 financial targets, reporting a 3.4% rise in revenue to €115.8 billion and a 6.2% jump in adjusted EBITDA AL to €43 billion. Free cash flow AL soared 18.7% to €19.2 billion, while adjusted net profit increased 18.3% to €9.4 billion. The company forecasts continued growth in 2025, with adjusted EBITDA AL expected to reach €44.9 billion (+4.5%) and free cash flow AL to rise 4% to €19.9 billion.
Anheuser-Busch InBev (EBR: ABI) posted record revenue despite volume declines in China and Argentina. Revenue rose 2.7% to $59.77 billion, driven by a 4.3% increase in revenue per hectoliter, while normalized EBITDA climbed 8.2% to $20.96 billion.
Crude oil prices rebounded from two-month lows after U.S. stockpile declines. Brent crude rose 0.3% to $72.69 per barrel, while WTI crude increased 0.3% to $69.14.
